Olga Kern International Piano Competition Inc

Analysis

Olga Kern International Piano Competition Inc is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in January 2015, 11 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Olga Kern International Piano Competition Inc reported income of $105k and spending of $190k, spending 181% of what it took in. Across the 2 years on record, from August 2022 to August 2023, income fell from $158k to $105k (-34%), an average of -34% a year. The sharpest change came in the year to August 2023, when income dropped by 34%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Olga Kern International Piano Competition Inc sits at the 43rd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 34th percentile within NM. Charities of a similar size with the same main cause include Cmpass ($105k), Bach Week Festival ($105k) and Sherman Chamber Ensemble Inc ($105k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $57k against liabilities of $250, net assets of $57k.